DirectMoney partners with mortgage groups

DirectMoney said its partnerships with Loan Market and Finsure puts the company in a strong position to expand its marketplace-lending business model, further grow its quality customer base and consolidate a position as partner of choice for unsecured personal loans in the third-party channel.

Stephen Porges, DirectMoney executive chairman and former Aussie Home Loans CEO, said the new partnerships give Loan Market and Finsure access to its technology-based lending platforms and a dedicated team to assist them and their brokers further service their customers.

“Aussie played a large part in changing Australia’s mortgage lending landscape. At DirectMoney, we are excited to be playing a major role in ensuring Australian consumers get a better deal on personal loans – a better deal for them, not for their banks,” he said.

Loan Market chairman Sam White said its partnership will enable the group’s brokers to diversify their business offering and provide their clients with a greater level of service by offering more than just mortgages.